FY2026 EPS Estimates for GRNT Lifted by Northland Securities

Granite Ridge Resources, Inc. (NYSE:GRNT) – Research analysts at Northland Securities increased their FY2026 earnings per share estimates for shares of Granite Ridge Resources in a report released on Monday, August 10th. Northland Securities analyst J. Grampp now anticipates that the company will post earnings per share of $0.49 for the year, up from their prior forecast of $0.45. Northland Securities currently has a “Outperform” rating and a $9.00 target price on the stock. The consensus estimate for Granite Ridge Resources’ current full-year earnings is $0.41 per share. Northland Securities also issued estimates for Granite Ridge Resources’ Q4 2026 earnings at $0.22 EPS and FY2027 earnings at $0.80 EPS.

Granite Ridge Resources (NYSE:GRNT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $149.27 million during the quarter, compared to analyst estimates of $139.44 million. Granite Ridge Resources had a positive return on equity of 4.60% and a negative net margin of 5.56%.

A number of other equities research analysts also recently issued reports on the company. Wall Street Zen upgraded Granite Ridge Resources from a “sell” rating to a “buy” rating in a research note on Sunday. Stephens dropped their price objective on shares of Granite Ridge Resources from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Zacks Research lowered shares of Granite Ridge Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings downgraded shares of Granite Ridge Resources from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Granite Ridge Resources presently has an average rating of “Hold” and an average target price of $10.00.

Granite Ridge Resources Stock Up 3.7%

GRNT stock opened at $5.06 on Tuesday. The company has a market cap of $667.41 million, a price-to-earnings ratio of -24.10 and a beta of 0.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.93 and a current ratio of 0.93. The business’s 50-day moving average is $4.68 and its two-hundred day moving average is $5.08. Granite Ridge Resources has a fifty-two week low of $4.18 and a fifty-two week high of $6.14.

Institutional Investors Weigh In On Granite Ridge Resources

A number of institutional investors and hedge funds have recently bought and sold shares of GRNT. Osaic Holdings Inc. lifted its position in shares of Granite Ridge Resources by 264.2% in the second quarter. Osaic Holdings Inc. now owns 5,506 shares of the company’s stock valued at $35,000 after acquiring an additional 3,994 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Granite Ridge Resources by 2,398.3% in the second quarter. EverSource Wealth Advisors LLC now owns 5,721 shares of the company’s stock worth $36,000 after acquiring an additional 5,492 shares during the period. First Horizon Corp purchased a new stake in shares of Granite Ridge Resources during the fourth quarter worth about $35,000. Tower Research Capital LLC TRC grew its position in shares of Granite Ridge Resources by 103.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,133 shares of the company’s stock worth $58,000 after purchasing an additional 4,635 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in Granite Ridge Resources during the 1st quarter valued at approximately $59,000. 31.56% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Tyler Farquharson acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $5.15 per share, for a total transaction of $51,500.00. Following the transaction, the chief executive officer directly owned 344,743 shares of the company’s stock, valued at approximately $1,775,426.45. This trade represents a 2.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Griffin Perry bought 100,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average price of $5.49 per share, for a total transaction of $549,000.00. Following the purchase, the director owned 1,163,903 shares in the company, valued at $6,389,827.47. This represents a 9.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 148,780 shares of company stock valued at $798,208. Company insiders own 8.60% of the company’s stock.

Granite Ridge Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Friday, August 28th. Granite Ridge Resources’s dividend payout ratio is presently -209.52%.

About Granite Ridge Resources

Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.